A municipal waste treatment plant with state-of-the-art environmental technology and controls is being installed by Forsythe County. The initial installation costs $8 million. Minor repairs and renovations are required after 6 years at a cost of $4 million; major repair, replacement, and renovations are required 4 years after the minor repairs and renovations at a cost of $10 million. The 10 -year cycle of minor and major repairs/replacements/renovations repeats indefinitely. Annual O\&M cost the first year is $1.6 million; during the 6year period, operating and maintenance (O&M) cost increases at a rate of 5% per year. Annual O&M cost the first year following minor repairs/renovations is $2.2 million; during the 4-year period, O&M cost increases at a rate of $300,000 per year. The 10 -year O&M cost cycles repeat indefinitely. Based on a 5% MARR, what is the capitalized cost for the waste treatment plant? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is 5,000. eTextbook and Media Hint Assistance Used The capitalized worth (CW) is the present worth of an infinitely long uniform series of cash flows. CW can be found as follows: CW=A(PAi%,)=A/i Firstly, calculate the equivalent uniform annual cost of the minor and major R\&R expenditures. Secondly, calculate the equivalent uniform annual cost of the O\&M cash flows. Note that the O\&M cash flows for the first 6 years represent a gradient series, while the O\&M cash flows during years 7 thru 10 represent a geometric series. Finally, sum the obtained equivalent uniform annual cost values, divide the sum by the cost of the time value of money, and add the initial investment. A municipal waste treatment plant with state-of-the-art environmental technology and controls is being installed by Forsythe County. The initial installation costs $8 million. Minor repairs and renovations are required after 6 years at a cost of $4 million; major repair, replacement, and renovations are required 4 years after the minor repairs and renovations at a cost of $10 million. The 10 -year cycle of minor and major repairs/replacements/renovations repeats indefinitely. Annual O\&M cost the first year is $1.6 million; during the 6year period, operating and maintenance (O&M) cost increases at a rate of 5% per year. Annual O&M cost the first year following minor repairs/renovations is $2.2 million; during the 4-year period, O&M cost increases at a rate of $300,000 per year. The 10 -year O&M cost cycles repeat indefinitely. Based on a 5% MARR, what is the capitalized cost for the waste treatment plant? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is 5,000. eTextbook and Media Hint Assistance Used The capitalized worth (CW) is the present worth of an infinitely long uniform series of cash flows. CW can be found as follows: CW=A(PAi%,)=A/i Firstly, calculate the equivalent uniform annual cost of the minor and major R\&R expenditures. Secondly, calculate the equivalent uniform annual cost of the O\&M cash flows. Note that the O\&M cash flows for the first 6 years represent a gradient series, while the O\&M cash flows during years 7 thru 10 represent a geometric series. Finally, sum the obtained equivalent uniform annual cost values, divide the sum by the cost of the time value of money, and add the initial investment
